AS 38.05.130. Damages and Posting of Bond.

Rights may not be exercised by the state, its lessees, successors, or assigns under the reservation as set out in AS 38.05.125
until the state, its lessees, successors, or assigns make provision to pay the owner of the land full payment for all
damages sustained by the owner, by reason of entering upon the land. If the owner for any cause refuses or neglects to
settle the damages, the state, its lessees, successors, assigns, or an applicant for a lease or contract from the state
for the purpose of prospecting for valuable minerals, or option, contract, or lease for mining coal or lease for
extracting geothermal resources, petroleum, or natural gas, may enter upon the land in the exercise of the reserved
rights after posting a surety bond determined by the director, after notice and an opportunity to be heard, to be
sufficient as to form, amount, and security to secure to the owner payment for damages, and may institute legal
proceedings in a court where the land is located, as may be necessary to determine the damages which the owner may
suffer.

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.